Stocks rise and oil dips on hopes of 15-point Iran peace plan

Markets in Asia and Europe move higher, while crude hovers at about $100 a barrel amid cautious optimism

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The price of oil has dipped and Asian stock markets moved higher after reports that Donald Trump has sent a 15-point framework for peace to Iran, amid hopes of a ceasefire in the Middle East.

Oil prices had fallen by 4% in the early hours of Wednesday, with brent crude futures sinking below $100 a barrel and even moving as low as $97.57 as trading was influenced by the prospect of an end to the conflict easing the squeeze on oil supply.